As Retailers Falter, Manufacturers and Suppliers Need to Plan Ahead
From: Industry Week | 28/06/2017
Anyone who has been in private business long enough has likely observed a key vendor or customer suffer some form of financial distress or, even worse, file for bankruptcy. Upon learning that a key customer is on shaky financial ground, while perhaps sympathetic to their customer’s situation, many businesses respond by
24/MAY/2017 - From Linkedin
Creditor Alert: Bankruptcy Judge Holds That Claim Filing Deadline Applies to Secured Creditors in Chapter 13 Cases
Francis and Patricia Dumbuya (“Debtors”) filed a petition for relief under chapter 13 of the Bankruptcy Code in September, 2015. Debtors listed a secured claim held by Ocwen Loan Servicing (“Ocwen”) in their petition. Ocwen was provided with notice of Debtors’ bankruptcy filing, but filed a proof of claim approximately nine...
11/APR/2017 - From Linkedin
SCOTUS ALERT: Supreme Court Holds That Bankruptcy Courts Lack Power to Utilize Structured Dismissals in Violation of Priority Rules
On March 22, 2017, the United States Supreme Court held that bankruptcy courts lack the power to dismiss chapter 11 cases by structured dismissal if they provide for distributions ...
14/DEC/2016 - From HG.Org
New Proposals for Chapter 11 Bankruptcy from the American Business Institute
This year, Chapter 11 bankruptcy is getting an overhaul. These changes are designed to make filing for Chapter 11 bankruptcy easier for businesses. What is Chapter 11 Bankruptcy?
Chapter 11 bankruptcy is a type of bankruptcy that is reserved for business entities. With this type of bankruptcy...
06/DEC/2016 - From NYTimes
Deciding Who Should Get First Dibs in Bankruptcy Liquidations
The Supreme Court is scheduled to hear arguments in Czyzewski v. Jevic Holding Corp. on Wednesday. At issue is whether a bankruptcy court can approve a settlement that distributes the debtor’s remaining assets in a way that could not be done under a Chapter 11 plan, at least not without the...
06/NOV/2016 - From NYTimes
The End of Chapter 11 Bankruptcy Protection
Is Chapter 11 doomed? There are reasons to think that the famous financial reorganization law won’t work much longer in its current form.
It has already been widely remarked that the tendency for distressed firms to grant first, second and even third liens on their assets makes reorganization...
23/OCT/2015 - From HBR.Org
What to Do and Say After a Tough Reorganization
Surviving a corporate reorg can be tough. There is often a lot of confusion and uncertainty, and if colleagues were laid off, people might also be sad or angry. How can you make the situation easier for yourself and your colleagues? What steps should you take to protect your job? How do you stay...
31/JUL/2013 - From Entrepreneur
The Best and Worst Business Transformations
Every so often, the best businesses will get stuck in a rut. Maybe it doesn’t attract consumers the way it used to, or maybe its consumers have abandoned it entirely, leaving the business to the sound of crickets and the sight of tumbleweeds. When this happens, businesses are confronted with a stark choice...
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